MSCI AC FAR EAST EX JAPAN VALUE WEIGHTED
INDEX (USD)
The MSCI AC Far East ex Japan Value Weighted Index is based on a traditional market cap weighted parent index, MSCI AC Far East ex
Japan which includes large and mid cap stocks across across 2 Developed Markets (DM) countries and 7 Emerging Markets (EM) countries
in the Far East*. The MSCI AC Far East ex Japan Value Weighted Index reweights each security of the parent index to emphasize stocks
with lower valuations. Index weights are determined using fundamental accounting data—sales, book value, earnings and cash earnings
—rather than market prices.
CUMULATIVE INDEX PERFORMANCE - NET RETURNS
ANNUAL PERFORMANCE (%)
(USD) (MAY 2002 – MAY 2017)
MSCI AC Far East ex Japan Value Weighted
MSCI AC Far East ex Japan
459.09
400
387.70
200
50
May 02
Aug 03
Nov 04
Feb 06
May 07
MSCI AC Far
East ex Japan
Value Weighted
Year
Aug 08
Nov 09
INDEX PERFORMANCE — NET RETURNS
Feb 11
May 12
Aug 13
Nov 14
Feb 16
May 17
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
10.13
-11.19
3.09
2.57
22.23
-15.48
21.64
81.40
-49.37
34.01
29.52
24.16
21.81
48.46
FUNDAMENTALS
(%) ( MAY 31, 2017 )
MSCI AC Far
East ex Japan
6.21
-9.51
3.16
3.76
22.02
-14.78
19.44
68.88
-50.56
36.49
31.74
21.33
17.19
44.52
( MAY 31, 2017 )
ANNUALIZED
1 Mo
3 Mo
1 Yr
YTD
3 Yr
5 Yr
10 Yr
Since
Dec 29, 2000
Div Yld (%)
P/E
P/E Fwd
P/BV
MSCI AC Far East ex Japan
Value Weighted
4.53
8.60
32.46
19.41
5.58
8.04
5.42
11.37
2.82
11.47
9.73
1.11
MSCI AC Far East ex Japan
4.64
10.13
29.00
20.83
5.21
8.04
4.72
9.16
2.34
14.98
12.60
1.55
INDEX RISK AND RETURN CHARACTERISTICS
( DEC 29, 2000 – MAY 31, 2017 )
ANNUALIZED STD DEV (%) 2
Beta
MSCI AC Far East ex Japan
Value Weighted
MSCI AC Far East ex Japan
1.03
2.96
1.00
0.00
SHARPE RATIO 2 , 3
MAXIMUM DRAWDOWN
3 Yr
5 Yr
10 Yr
3 Yr
5 Yr
10 Yr
Since
Dec 29,
2000
(%)
Period YYYY-MM-DD
15.88
16.93
14.67
23.20
0.38
0.58
0.31
0.53
63.58
2007-10-29—2008-11-20
6.90
15.91
13.78
22.44
0.37
0.61
0.28
0.44
65.31
2007-10-29—2008-10-27
Tracking Turnover
Error (%)
(%) 1
1
Last 12 months
2
Based on monthly net returns data
3
Based on ICE LIBOR 1M
* DM countries in the index include: Hong Kong and Singapore. EM countries include: China, Indonesia, Korea, Malaysia, the Philippines, Taiwan and Thailand.
The MSCI AC Far East ex Japan Value Weighted Index was launched on Jan 16, 2012. Data prior to the launch date is back-tested data (i.e. calculations of how the index might have performed over that time
period had the index existed). There are frequently material differences between back-tested performance and actual results. Past performance -- whether actual or back-tested -- is no indication or guarantee
of future performance.
MSCI AC FAR EAST EX JAPAN VALUE WEIGHTED INDEX
MAY 31, 2017
INDEX CHARACTERISTICS
TOP 10 CONSTITUENTS
MSCI AC Far East ex
Japan Value Weighted
Number of
Constituents
550
Largest
Smallest
Average
Median
7.80
0.00
0.18
0.07
MSCI AC Far
East ex Japan
551
Weight
(%)
5.46
0.01
0.18
0.08
SAMSUNG ELECTRONICS CO
CHINA CONSTRUCTION BK H
ICBC H
BANK OF CHINA H
TAIWAN SEMICONDUCTOR MFG
HON HAI PRECISION IND CO
CHINA MOBILE
HYUNDAI MOTOR CO
SAMSUNG ELECTRONICS PREF
CHINA PETRO & CHEM H
Total
SECTOR WEIGHTS
Country
Index
Wt. (%)
Parent Index
Wt. (%)
Sector
KR
CN
CN
CN
TW
TW
CN
KR
KR
CN
7.80
4.26
3.16
2.76
2.35
2.19
1.66
1.60
1.44
1.25
28.47
5.46
1.93
1.37
1.11
4.62
1.48
1.89
0.62
0.76
0.58
19.84
Info Tech
Financials
Financials
Financials
Info Tech
Info Tech
Telecom Srvcs
Cons Discr
Info Tech
Energy
COUNTRY WEIGHTS
6.89%
9.11%
14.2%
10.59%
5.22%
9.12%
5.4%
4.4%
7.82%
4.21%
3.22%
29.39%
2.43%
23.38%
0.59%
32.6%
31.43%
Financials 31.43%
Industrials 9.11%
Information Technology 23.38%
Real Estate 6.89%
Telecommunication Services 4.4%
Consumer Staples 2.43%
Consumer Discretionary 9.12%
Energy 5.22%
Materials 4.21%
China 32.6%
Singapore 5.4%
South Korea 29.39%
Taiwan 14.2%
Hong Kong 10.59%
Other 7.82%
Utilities 3.22%
Health Care 0.59%
INDEX METHODOLOGY
Each MSCI Value Weighted Index is constructed from a market cap weighted MSCI parent index. The MSCI Value Weighted Index methodology
effectively tilts the parent index towards stocks with lower valuations by reweighting each constituent of the parent index according to four
fundamental accounting variables: sales, book value, earnings and cash earnings. The Value Weighted Index first calculates a weight (or a
3-yr average weight) for each accounting variable for each constituent independently. These weights are then averaged to determine a final
constituent-level value weight. The index is rebalanced semiannually in May and November.
ABOUT MSCI
For more than 40 years, MSCI' research-based indexes and analytics have helped the world' leading investors build and manage better portfolios. Clients rely on our offerings for deeper insights into the drivers
of performance and risk in their portfolios, broad asset class coverage and innovative research. Our line of products and services includes indexes, analytical models, data, real estate benchmarks and ESG
research. MSCI serves 98 of the top 100 largest money managers, according to the most recent P&I ranking. For more information, visit us at www.msci.com.
The information contained herein (the "Information") may not be reproduced or redisseminated in whole or in part without prior written permission from MSCI. The Information may not be used to verify or correct
other data, to create indexes, risk models, or analytics, or in connection with issuing, offering, sponsoring, managing or marketing any securities, portfolios, financial products or other investment vehicles. Historical
data and analysis should not be taken as anindication or guarantee of any future performance, analysis, forecast or prediction. None of the Information or MSCI index or other product or service constitutes an offer
to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy. Further, none of the Information or any MSCI index is intended to constitute investment advice
or a recommendation to make (or refrain from making) any kind of investment decision and may not be relied on as such. The Information is provided "as is" and the user of the Information assumes the entire risk
of any use it may make or permit to be made of the Information. NONE OF MSCI INC. OR ANY OF ITS SUBSIDIARIES OR ITS OR THEIR DIRECT OR INDIRECT SUPPLIERS OR ANY THIRD PARTY INVOLVED IN THE MAKING
OR COMPILING OF THE INFORMATION (EACH, AN "MSCI PARTY") MAKES ANY WARRANTIES OR REPRESENTATIONS AND, TO THE MAXIMUM EXTENT PERMITTED BY LAW, EACH MSCI PARTY HEREBY EXPRESSLY
DISCLAIMS ALL IMPLIED WARRANTIES, INCLUDING WARRANTIES OF MERCHANTABILITY AND FITNESS FOR A PARTICULAR PURPOSE.WITHOUT LIMITING ANY OF THE FOREGOING AND TO THE MAXIMUM EXTENT
PERMITTED BY LAW, IN NO EVENT SHALL ANY OF THE MSCI PARTIES HAVE ANY LIABILITY REGARDING ANY OF THE INFORMATION FOR ANY DIRECT, INDIRECT, SPECIAL, PUNITIVE, CONSEQUENTIAL (INCLUDING
LOST PROFITS) OR ANY OTHER DAMAGES EVEN IF NOTIFIED OF THE POSSIBILITY OF SUCH DAMAGES. The foregoing shall not exclude or limit any liability that may not by applicable law be excluded or limited.
© 2017 MSCI Inc. All rights reserved.
MSCI AC FAR EAST EX JAPAN VALUE WEIGHTED INDEX